We’re proud to offer $215,000 in cash to winning teams, the largest cash prizes awarded in any student contest focused on agriculture worldwide. The prizes are broken up into multiple stages over the submission and refinement periods:
25 final teams will receive a $1,000 travel and presentation material stipend (less cost of hotel) to appear in Madison, WI for the final round of the competition.
The team who receives the most online votes will receive an audience choice $15,000 cash prize. The mechanism by which this award is determined will be announced soon.
The top four finalists will receive a $25,000 cash prize.
The grand prize winner will receive a $100,000 cash prize.
All travel and prize money awarded is taxable and must be reported to the IRS. Finalist and grand prize awards can be awarded to a business entity or pending agreement from the university, to a student’s university where it may be considered a re-grant and non-taxed. If considering awarding to a university, more information on re-grants is available here. Any university accepting an award on behalf of its students must agree to make available the full award to their student winner(s), the university may not retain any funds to cover overhead or other costs associated with processing, dispensing, or maintaining funds.